Brazil Weather And US Planting Are Drivers This Week April 18, 2022
May and July futures both broke the psychological 800 barrier today. This is the best close for nearby corn futures since August 22, 2012. The best close for the nearby contract in 2012 was 831. In 2012 the September contract posted an 843 1/4 peak. December corn contract posted an 849 peak in that year. The trade is now putting Brazil on the bull side of the ledger. It is also now considering a small yield hit due to US planting.
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Allendale Insider
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Market Movers
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Possible light fund short covering yesterday
December 6, 2023
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Funds sellers of 21K, slightly higher support due to exports
December 4, 2023
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SA maps still look solid for rains in the 10 day
December 1, 2023
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Trade expects strong exports and more 8 AM announcements
November 30, 2023
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Open interest continues to fall drastically
November 29, 2023
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